NEW YORK, NY / ACCESSWIRE / May 23, 2017 / Ford's shares edged higher on Monday after the company announced a CEO change, naming former Steelcase executive Jim Hackett to be its new leader. Ford's former CEO Mark Fields was praised for being a big part of the company's turnaround a decade ago and even helped Ford achieve record pretax profit of $10.8B in 2015. Investors seem eager to see what Hackett may do for the company. Boeing also saw shares move higher despite three of the company's mechanics faulted for maintenance errors on Air Force One.

RDI Initiates Coverage on:

Ford Motor Company
https://ub.rdinvesting.com/news/?ticker=F

The Boeing Company
https://ub.rdinvesting.com/news/?ticker=BA

Ford Motor Company was one of the most actively traded stocks on Monday and closed up 2.12% after it was revealed that the company's CEO Mark Fields is out and in his place will be former Steelcase executive Jim Hackett. Investors seem encouraged that a new face would help the struggling automaker's business. Hackett already has plans to do differently and said he would be assembling a small executive team. Fields on the other hand had been known for having people report to him. Hackett commented, "The biggest challenge I had (at Steelcase), and I will have here, is to have everybody see the future. They can see their opportunity in that. And secondly, that it's our right to win, and we don't have to cede that to anybody, Tesla or any of them. I love that challenge because I know how to do that." Hackett had been the leader of Steelcase for 20 years and was responsible for helping the company succeed. Ford is happy with their decision and stated, "He's really a proven transformational thinker. He's not just a futurist. He's a very good operational leader."

Access RDI?s Ford Research Report at:
https://ub.rdinvesting.com/news/?ticker=F

The Boeing Company's shares had a fairly flat trading day but managed to close up 1.61% on Monday. The company was awarded a $1.09 billion undefinitized modification with the Pentagon. The Pentagon released a statement yesterday regarding the modification to a previously awarded contract for the procurement of Redesigned Kill Vehicle development. The contract's total value is now $5.84 billion. Boeing was also thrown into the negative spotlight when an investigation report revealed that mechanics in the company were blamed for the accidental contamination of oxygen systems aboard Air Force One used for presidential travel. Three Boeing mechanics have been faulted for supplying and using tools and parts that did not meet cleanliness standards while checking oxygen lines for leaks. Thankfully no one was injured but it did cot the company over $4 million to clean or replace the contaminate portion of the plane's oxygen system.

Access RDI?s Boeing Research Report at:
https://ub.rdinvesting.com/news/?ticker=BA

Our Actionable Research on Ford Motor Company (NYSE: F) and The Boeing Company (NYSE: BA) can be downloaded free of charge at Research Driven Investing.

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